But its sales are still declining. It said Monday that in the nine-week period ending Dec. 29, sales at its stores open at least a year fell 1.8 percent, largely due to sales declines in consumer electronics at both Sears and Kmart. The period included the crucial holiday season — when retailers can make up to 40 percent of annual revenue.
Sales at stores open at least a year is a key metric for retailers because it excludes revenue at stores that recently opened or closed.
Sears also gave an update on its fiscal fourth-quarter earnings. It said it expected to report a loss between $2.64 and $3.40 per share for the quarter ending Feb. 2. Excluding one-time items, it forecasts a profit of between $1.25 and $2 per share.
Sears operates more than 2,600 stores in the U.S. and Canada.
Shares in the Hoffman Estates, Ill.-based company rose nearly 2 percent in trading Monday before D'Ambrosio's departure was announced. In the past 12 months, they have risen almost 58 percent.
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